The subprime mess explained

[Dave W]

Here's a cartoon slideshow from about 6 months ago that explains what's happened in a straightforward way (WARNING: NSFW language). Sad but right on target. You should be able to left-click on through.

[gweimer]

Nice!  When the mortgage industry started hitting the toilet here earlier in the year, they ran a story about how bad it was.  Some poor fellow had bought a condo a year ago for $86K, and was stunned that he wouldn't be able buy his first home, because he couldn't sell the condo for $94K.  IT'S NOT WORTH THAT MUCH, YOU MORON!
I'm starting to agree with Glenn Beck on CNN.  Stop bailing these idiots out.  Let the whole market collapse.  Quit giving money to institutions that lend money to people trying to live beyond their means.  Let them learn what real debt and financial pressure means.  It's not giving up Starbucks once a week... 

[PWV]

I love this!